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Korea Watches Won Ahead of Big IPO

By

Kanga Kong

Updated May 3, 2010 12:01 a.m. ET

SEOUL—South Korea's foreign-exchange authorities will take action against any sharp gains in the South Korean won as a result of Samsung Life Insurance Co.'s initial public offering, a senior official at the Ministry of Strategy and Finance said Friday.

"If any one-sided moves are spotted following Samsung Life Insurance's initial public offering despite Samsung Group's pledge to minimize any potential impact on the forex...